PSA International

Deals, joint ventures & alliances

PSA International acquires stake in Vietnam logistics provider SOTRANS Group

The latest venture in Vietnam strengthens PSA's network in the region.

Deals, joint ventures & alliances

PSA International forms JV with Kazakhstan Railways to enhance trade through TITR

The partnership between KTZ and PSA aims to develop the TITR through initiatives such as the organisation of block trains.
PSA's CK Hutchison ports US$4 bil stake sale attracts China giants, sources say - THE EDGE SINGAPORE

Company in the news

PSA's CK Hutchison ports US$4 bil stake sale attracts China giants, sources say

The sale process has just kicked off and PSA is holding early talks with potential bidders including China Merchants and Cosco.
PSA to acquire BDP International - THE EDGE SINGAPORE

M&A

PSA to acquire BDP International

The move is PSA’s first major acquisition of this nature, says PSA group CEO Tan Chong Meng.

Company in the news

PSA International reports 6.2% lower FY20 earnings of $1.17 bil on lower income and higher other operating expenses

Revenue for the FY2020 grew 2.5% y-o-y to $4.18 billion on higher throughput and business acquisitions.

Company in the news

PSA International reports 1.7% y-o-y increase in volume for 2020

PSA International has handled 86.6 million Twenty-foot Equivalent Units (TEUs) of containers in 2020.

Deals, joint ventures & alliances

One Network Enterprises and PSA International to expand services for global terminal operations and logistics

One Network Enterprises (ONE) and PSA Cargo Solutions, a unit of PSA International, announced on Monday a strategic partnership to expand services for global terminal operations and logistics.

Infrastructure

Tuas Megaport set to 'rethink the future of shipping': PM Lee

SINGAPORE (Oct 3): PSA’s new consolidated port in Tuas is set to “rethink the future of shipping,” says Prime Minister Lee Hsien Loong.

National Day Rally 2019

No need yet for economic stimulus, PM says, as Singapore looks to infrastructure for the future

SINGAPORE (Aug 19): Even as Singapore teeters on the edge of a technical recession, Prime Minister Lee Hsien Loong says there’s no need yet for immediate economic stimulus measures.

In print this week

HPH Trust feels full-blown effect of US-China trade war

SINGAPORE (May 17): The board of Hutchison Port Holdings Trust (HPH Trust), led by chairman Canning Fok, had to face frustrated shareholders at its annual general meeting, which this year was held on the morning of April 26.
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